1. Within thirty days after termination or such other time as the court may set, the receiver shall give the court a complete accounting of all property of which the receiver has taken possession, of all funds collected under section 630.772 and of the expenses of the receivership.

2. If the operating funds collected by the receiver under section 630.775 exceed the reasonable expenses of the receivership, the court shall order the payment of the surplus to the licensee. If the operating funds are insufficient to cover reasonable expenses of the receivership, the licensee shall be liable for the deficiency. The licensee may apply to the court to determine the reasonableness of any expense of the receivership. The licensee shall not be responsible for expenses in excess of what the court finds to be reasonable.

3. If a deficiency exists under subsection 2 of this section, the receiver may apply to the court for such a determination. If after notice to all interested parties and a hearing the court finds that in fact a deficiency does exist, then the court shall enter judgment in favor of the receiver and against the appropriate party or parties as set forth in subsection 2 of this section for the amount of such deficiency. Any judgment obtained under this subsection shall be treated as any other judgment and may be enforced according to law.

4. Any judgment for a deficiency obtained in accordance with this section by the receiver or any portion thereof may be assigned wholly or in part upon approval of the court.

5. The judgment shall have priority over any other judgment or lien or other interest which originates subsequent to the filing of a petition for receivership under the provisions of sections 630.763 to 630.793 except for a construction or mechanic’s lien arising out of work performed with the express consent of the receiver.